Tag Archives: Asia

Iran started swapping oil with Iraq’s Kirkuk on June 3.

Oil production at Kazakhstan'.s Kashagan field will not be increased in 2018 to 370.000 barrels per day.

OPEC and its allies have since last year been participating in a pact to cut output by 1.8 million bpd.

Moscow and Seoul are discussing South Korea'.s participation in the Arctic LNG-2 project.

Qatar is the world´s biggest LNG producer.

Iran. OPEC’s third-largest producer. was against the agreement at first since the country is facing export-crippling US sanctions.

Earlier this year. Qatar agreed to increase its stake in Rosneft to almost 19 percent.

Saudi Arabia is trying to convince fellow OPEC members to pump more oil.

In the wake of the last sanctions on Iran. financial institutions became very conservative.

Without further investment. liquids supply would decline steeply leading to major price fluctuations down the line.